PRESS RELEASE. The non-profit company MUNCH will lead a philanthropic initiative called Charity Circle, which will donate to charitable causes worldwide with the help of ETH.
13 August 2021, London, UK – Leading DeFi charity platform MUNCH announced “Charity Circle” – a philanthropic initiative led by Munch to encourage DeFi projects to donate to charity by sending Ethereum to Munch’s smart contract.
MUNCH and partnerships
MUNCH is a DeFi cryptocurrency that uses blockchain technology to incorporate giving back as an inherent part of any interaction. Through automated, trustworthy donations from transaction fees. MUNCH has already donated more than $ 3 million to various charitable causes selected by the community. The project is an official partner of TheGivingBlock and recently became the first crypto partner with Charity: waterand joins big companies like Google and Amazon.
Munch is now launching “Charity Circle” – a philanthropic initiative led by Munch to encourage DeFi projects to donate to charity by sending Ethereum to Munch’s smart contract, which is trusted and automatic to the current one from the Munch -Community donates to selected charity. All charity proceeds are tracked on the immutable blockchain and confirmed by charity partners (e.g. Givewell and Charity Water).
Since establishing the Charity Circle, Munch has managed to sign more than 7 established crypto DeFi projects to join the philanthropic movement, with more projects in the pipeline. The first announced partner is the BankEth token, which has just donated a US $ 10,000 donation to charity through the MUNCH Charity Circle: water.
Crypto projects are featured in a ranking that shows how much they contributed to the causes chosen by the community, with top contributors being invited to an AMA with MUNCH and charity partners.
Munch COO, Mike Si said of the announcement:
“We’re starting a new movement that encourages established and emerging players in the crypto space to give back and help others in a very simple way. it can be a one-time donation or an automated percentage from project fees and operations. Funds are trusted through our on-chain contracts to support great causes, making MUNCH a hub for all crypto donations.
These first partnerships are the beginning of a big step forward in bringing cryptocurrencies into the mainstream. “
This initiative enables crypto projects to automatically and trustworthily donate to recognized and audited charitable causes. By leveraging the technology and status of MUNCH, Giving back can be part of any project. At this point, the donations will be forwarded to MUNCH charity partners, who will be selected by the community from an approved shortlist. Munch is currently supporting Charity: Water, with over $ 150,000 in donations to fund 15 water projects.
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